Credit Points 10

Legacy Code 200547

Coordinator Mamta Chowdhury Opens in new window

Description Macroeconomic Theory aims to provide alternative theoretical explanations of the working of the macroeconomy. The subject will be based on the analytical narratives of macroeconomic developments taught in Australian Macroeconomy. Starting from the basic IS-LM model, it derives the aggregate demand (AD) curve and examines the components of commodity and money markets. It also analyses the labour market and derives the aggregate supply (AS) curve of an economy. Using the AD-AS model, it examines the interdependent nature of macroeconomic problems (e.g. inflation, unemployment), and the effectiveness of fiscal and monetary policies within a closed economy context. The basic model is then extended to analyse open economy issues (e.g., exchange rates and balance of payments, external shocks and international interdependence). Whenever appropriate, alternative approaches to macroeconomics are evaluated.

School Business

Discipline Econometrics

Student Contribution Band HECS Band 4 10cp

Check your HECS Band contribution amount via the Fees page.

Level Undergraduate Level 2 subject

Pre-requisite(s) ECON 1013

Equivalent Subjects LGYA 4311 - Macroeconomic Analysis

Assumed Knowledge

HSC Mathematics.